Funding arb · Price arb /

STABLE

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%

Price spread now: Extended against KuCoin−0.299%7-day average −0.164% · you buy dearer than you sell

Net, funding: paid 7d − costs−$1,062as in the Funding arb table

Net, price: spread back to 7d avg − costs−$1,065as in the Price arb table

costs, in and out, $10k−$1,05110.515% of the position

Long on KuCoin Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days−0.107%−$11 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now −0.299%, 7d avg −0.164%

Together, before fees−0.061%+ Points / potential airdropExtended: Active · farm board−$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.134% cheaper against KuCoin than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.164%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin STABLEUSDTM	0.02476	0.0100	pay 0.0050% / 4h	1h 58m	$174K	$27K	30x
Short	Extended STABLE-USD	0.02469	0.0104	get 0.0013% / 1h	58m 31s	$12K	$175K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee ExtendedbpOrdersPrice spread, now −0.299%Rate

Funding earned: $0.84
Price spread: −0.299% → −0.164%: −$13.45
Slippage, 4 orders: −$1,034.5
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$1,064.11
Costs to cover: 10.515%
Break-even: 8874.6 days

Slippage from KuCoin: live order book, 6 min ago; Extended: live order book, 23 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 6 min ago	28.26 bp	322.6 bp −$323	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 23 min ago	5.66 bp	38.1 bp −$38	358.9 bp −$3,589	doesn't fit	doesn't fit

STABLE on 15 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster STABLEUSDT	−0.0338%	4h	0.02470	−0.262%	$19K	$7K	20x	as long as short
Lighter STABLE	+0.0096%	1h	0.02483	+0.295%	$114K	$3K	3x	as long as short
Hyperliquid STABLE	+0.0100%	1h	0.02469	−0.283%	$871K	$234K	3x	as long as short
Binance STABLEUSDT	+0.0100%	4h	0.02469	−0.283%	$2.4M	$2.7M	75x	as long as short
Bybit STABLEUSDT	+0.0100%	4h	0.02472	−0.162%	$1.5M	$799K	25x	as long as short
OKX STABLE-USDT-SWAP	+0.0100%	4h	0.02468	−0.323%	$204K	$414K	20x	as long as short
Gate STABLE_USDT	+0.0100%	4h	0.02468	−0.323%	$171K	$86K	50x	as long as short
MEXC STABLE_USDT	+0.0100%	4h	0.02468	−0.323%	$658K	$154K	20x	as long as short
KuCoin STABLEUSDTMlong	+0.0100%	4h	0.02476	long leg	$174K	$27K	30x
Bitget STABLEUSDT	+0.0100%	4h	0.02469	−0.283%	$291K	$116K	25x	as long as short

Show all 15 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX STABLE-USDT	+0.0100%	4h	0.02471	−0.202%	—	$6.5M	—	as long as short
Variational Omni STABLE	+0.0100%	4h	0.02471	−0.205%	$145K	$50K	—	as long as short
SunX STABLE-USDT	+0.0100%	4h	0.02472	−0.166%	$2K	$650K	20x	as long as short
Extended STABLE-USDshort	+0.0104%	1h	0.02469	−0.299%	$12K	$175K	10x
BloFin STABLE-USDT	+0.0158%	4h	0.02469	−0.283%	$114K	$7K	75x	as long as short